From Jim Metrock:
Channel One’s parent company Houghton Mifflin Harcourt reported today that it lost $46.9 million in its second quarter. How much of that is due to Channel One is unknown. Houghton Mifflin rarely mentions Channel One by name anymore.
Houghton Mifflin lost $8 million in the Second Quarter of 2015.
Houghton Mifflin lost $28 million in the Second Quarter of 2016.
Houghton Mifflin lost $46 million in the Second Quarter of 2017.
The trend is bad.
Although Channel One is an extremely small part of Houghton Mifflin, Channel One’s terrible reputation with educators has to be hurting Houghton Mifflin’s good reputation. Will Houghton Mifflin CEO Jack Lynch stop throwing good money after bad? How many more losses can Houghton Mifflin pile up before they pull the plug on Channel One News? Inquiring minds want to know.
Tags: abbey tiderman, angela hunter, angela moznerova, angela vaughan, arielle hixson, azia celestino, brian a. napack, carl jackson, cassie hudson, Channel One, channel one news, christos kaitatzis, cj kettler, daniel allen, david drucker, demetrius pipkin, denise anderman, e. rogers novak jr., emily reppert, financial results, gordon crovitz, houghton mifflin harcourt, Jack Lynch, james lundy, jessica monks, jessica schlesinger, jill a. greenthal, Joe abbott, John "Jack" J. Lynch Jr, john f. killian, john r. mckernan jr., jose lopez, Julie Barrack, keith kocinski, kelly latiker, kristina leath-malin, l. gordon crovitz, lawrence k. fish, linda zecher, liz saul, maggie rulli, mary cullinane, maryellen mclaughlin, meredith walters, Michael Salvatore, ronnie bhardwaj, scott r. nelson, sean abernethy, shanika stewart, Stephanie Smith, steven cohn, taylor knaub, tom hanson, tonka dobreva, tracey d. weber, Zachary Carr-Dreher
